Get the latest tech news

Should In-Game Currency Receive Federal Government Banking Protections?


Friday America's consumer watchdog agency "proposed a rule to give virtual video game currencies protections similar to those of real-world bank accounts..." reports the Washington Post, "so players can receive refunds or compensation for unauthorized transactions, similar to how banks are required ...

Friday America's consumer watchdog agency "proposed a rule to give virtual video game currencies protections similar to those of real-world bank accounts..." reports the Washington Post, "so players can receive refunds or compensation for unauthorized transactions, similar to how banks are required to respond to claims of fraudulent activity." Companies may ban or lock accounts or shut down a service, according to the report, but they don't generally guarantee refunds to people who lost property... The April report says the bureau and FTC received numerous complaints from players who contacted their banks regarding unauthorized charges on Roblox.

Get the Android app

Or read this on Slashdot

Read more on:

Photo of game

game

Photo of currency

currency

Related news:

News photo

Cuttle – a MTG like game using a standard 52 card deck

News photo

Target Darts is bringing tech smarts to the game

News photo

Delta changed the game for CES press conferences